Here’s the latest from Zillow:

“According to the latest Zillow Real Estate Market Reports for July 2011, home values in the U.S. were up 0.1% from June 2011 and down 5.1% compared to July 2010.”

The chart here shows that  San Francisco is down for the year by 7.5 percent, although slightly better over the last month.

You can read the full summary of their report here. It includes news of a bottoming out and focuses on the positive.

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